Legal Opinion
Homes by Ayres v. Commissioner of Internal Revenue
Court of Appeals for the Ninth Circuit
Decided July 28, 1986No. 85-7185, 85-7190, 85-7218 and 85-7219PublishedCited by 11 opinions
1Opinion of the Court
CYNTHIA HOLCOMB HALL, Circuit Judge:
Taxpayers Homes by Ayres, Classic Development Corp., Roger DeYoung Construction Co., and DeYoung Construction Co. petition for review of a Tax Court decision redetermining deficiencies in their federal income taxes for the years 1976, 1977, and 1978. The Internal Revenue Service (IRS) asserted the deficiencies after taxpayers used a last-in-first-out (LIFO) inventory method to calculate their cost of homes sold. The Tax Court held that tract home builders could not use LIFO inventory pricing to determine costs and returned the taxpayers to their prior…
2Cases cited8 opinions
- Thor Power Tool Co. v. CommissionerSupreme Court of the United States · 1979
- Commissioner v. HansenSupreme Court of the United States · 1959
- Peninsula Steel Products & Equipment Co. v. CommissionerUnited States Tax Court · 1982
- Thomas Kerr and Barbara Kerr v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1964
- Reco Industries, Inc. v. CommissionerUnited States Tax Court · 1984
3 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- RLC Indus. Co. v. CommissionerUnited States Tax Court · 1992
- William T. Gladden Nicole L. Gladden v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 2001
- Jim Turin & Sons, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 2000
- RACMP Enters. v. CommissionerUnited States Tax Court · 2000
- Estate of Scott C. Ronning, Harlan L. Paul, Personal Representative v. CommissionerUnited States Tax Court · 2019
6 more not listed; retrieve them via the Exa API.